The GOI, which has earned a revenue of 2.03 lakh crore rupees from the Coal India Limited or the Coal industry has today opened a door for liberalisation and reforms which could further boost up the revenue which was around US$25.9 billion on exports.
1. There are ideas of inducing executive bodies into the segment be it EGoS or development cells to the ministeries so that there could be fast track and non resistive investements in the Indian economy resulting to increase in revenue and in turn welfare policies.
2. The import substitution has been focused by the GOI by which we can become self reliant on the production of coal with securitization over quality, end use ownership bids to be scrutinised so that small companied/traders can sell the coal in open market....
and this helps in creating a competative atmosphere to the coal industry within the country, hence safeguarding the coustomer end use.
3. There is a word of immediate allotment of 50 fresh blocks of coal mines into the hand of investors with no such harsh conditions so that we can discover and make out as much material as possible.
4. Private sector participation will be increased so that there can be a redo on the partially used blocks of coals alongwith coal gasification and liquification will he incentivised so that we can move towards more of a "Gas based economy".
5. CBM (Coal based Methane) extraction to be auctioned in an open market from CIL, Ease of doing buisness to be brought in such a way that there can be an estimated increase of 40% in the production.
6. 50,000 crore of support for the infrastructure development to be made into the sector, Refund Initiatives would be taken through rebate in revenue share.
This has been the most advanced and long seen reforms made which can be benifitial to both the supply chain and the chain termination points.
The coal industry gives us a good scope of employment and revenue generation with private firms involved increasing competition.
The coal industry gives us a good scope of employment and revenue generation with private firms involved increasing competition.
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